Neurovascular Devices/Interventional Neurology Market worth $2,370.4 Million by 2020

The report “Neurovascular Devices/Interventional Neurology Market by Technology (Embolization, Carotid Stenting, Balloon Angioplasty, Neurothrombectomy), Product (Carotid Stent, Flow Diversion, Microcatheter, Clot Retrieval, Suction Device) - Global Forecast to 2020”, analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

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The Global Neurovascular Devices/Interventional Neurology Market Is Poised to reach $2,370.4 Million by 2020, growing at a CAGR of 8.4% from 2015 to 2020.

On the basis of products, the global neurovascular devices/interventional neurology market is classified into four major segments, namely, aneurysm coiling & embolization devices, cerebral balloon angioplasty & stenting systems, support devices, and neurothrombectomy devices. On the basis of technology, the global neurovascular devices/interventional neurology market is classified into embolization & coiling, carotid artery angioplasty & stenting, supporting techniques, and neurothrombectomy.

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Factors such as growth in the target patient population, technological advancement in the field of interventional neurosurgeries, favorable medical reimbursements across mature markets, and expanding healthcare infrastructure across developing countries are driving the growth of the neurovascular devices/interventional neurology market during the forecast period. On the other hand, ongoing healthcare reforms in the U.S. and a dearth of skilled neurosurgeons are restraining the growth of this market.

In 2015, North America is expected to hold the largest share of the neurovascular devices/interventional neurology market, followed by Europe. Additionally, Asia-Pacific is expected to grow at the highest CAGR during the forecast period (2015 to 2020). Strong market growth witnessed in the North American neurovascular devices/interventional neurology market can be attributed to factors such as significant adoption of neurovascular devices among neurosurgeons, favorable reimbursement scenario, and strong presence of device manufacturers in the region.

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Stryker Corporation (U.S.), Medtronic, plc (U.S.), Johnson & Johnson (U.S.), Terumo Corporation (Japan), Penumbra, Inc. (U.S.), Abbott Laboratories (U.S.), Merit Medical Systems, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Microport Scientific Corporation (China), and Medikit Co., Ltd. (Japan) are the key players operating in the global neurovascular devices/interventional neurology market.

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